Accelerating Arbitrum - leveraging Camelot as an ecosystem hub to support native builders
AI summary
This proposal asks the Arbitrum DAO to grant 1.5 million ARB tokens per month to Camelot DAO for six months, totaling 9 million ARB tokens. The funds will be used to incentivize liquidity for Arbitrum-focused projects on Camelot, a decentralized exchange (DEX) native to Arbitrum. The goal is to support new and existing protocols, deepen liquidity for Arbitrum builders, and promote ARB as a base asset in liquidity pools.
If passed, Arbitrum will disburse approximately $10.8 million (based on ARB's current price of $1.20) from its treasury to Camelot DAO over six months. This could benefit Arbitrum-native projects by providing better liquidity and support, potentially increasing user engagement and growth within the ecosystem. The Arbitrum treasury will see a significant reduction in its ARB holdings.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Non-Constitutional Proposal
AUTHORS Iron Boots (BD Lead), Myrddin (Dev Lead)
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Abstract
This post proposes granting 1.5M ARB per month to Camelot DAO for the next 6 months to fund liquidity incentives for Arbitrum-focused projects on Camelot, including the onboarding of new and multi-chain protocols entering the ecosystem. Camelot strives to support the native ecosystem through collaborative relationships and has a proven track record of allocating incentives to enable sustainable growth and long-term liqui…